Low Income Apartments and Affordable Housing For Rent in Hollywood, FL

Discover affordable housing in Hollywood where there are 13+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hollywood, Florida
$39.81/hour
$27.81 (+232%) more than Florida minimum wage and $32.56 (+449%) more than the Federal minimum wage.
Learn More About Hollywood, Florida Affordable Housing ↓

What HUD offices serve Hollywood, Florida?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Section 8 Project-Based Rental Assistance (PBRA), Rental Assistance Demonstration (RAD) programs for Hollywood, Florida.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Hollywood, Florida.

Go to the Florida Public Housing and Low-Income Apartments Waiting Lists page for openings near Hollywood.

How many renters live in Hollywood, Florida?

The City of Hollywood has 152,662 people living in 63,958 households.

There are 58,177 renters living in 27,020 renter households in this City. Renters make up 38.11 percent of the population living in Hollywood.

What is the rental market like in Hollywood, Florida?

There are an estimated 76,054 housing units in the Hollywood area. Of these, 29,350 units are rental homes, making up 39 percent of the housing market. For every renter household in Hollywood, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Hollywood?

The rental vacancy rate in Hollywood is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Hollywood for each bedroom size?

Occupied Rental Units by Size in Hollywood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2,478 10,255 8,768 3,852 662
Occupied Rental Units by Size in Hollywood

A large number of apartments in Hollywood have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Hollywood are overburdened by housing costs?

Among renter households in this market, 70 percent have housing cost burden. Further, 38 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Hollywood

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,573 to $3,567. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,573
One BR $1,692
Two BR $2,102
Three BR $2,916
Four BR $3,567
2024 Fair Market Rents in Hollywood, Florida

How many units are rented at Fair Market Rent (FMR) in Hollywood?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 2,141 86 percent
One BR 7,860 77 percent
Two BR 2,764 32 percent
Rental Units Below FMR in Hollywood, Florida

How many affordable rental units are in Hollywood?

There are a variety of federal affordable housing programs serving households in Hollywood, Florida including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 589
Public Housing 120
Section 8 Project-Based Rental Assistance 174
Section 202 Supportive Housing for the Elderly 1
Tracked Units by Federal Program in Hollywood, Florida

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Hollywood, Florida

Hollywood features 324 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Hollywood, Florida

There are 1,327 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hollywood.

Housing Choice Vouchers in Hollywood, Florida

On average, Section 8 Housing Choice vouchers pay Hollywood landlords $1,100 per month towards rent. The average voucher holder contributes $400 towards rent in Hollywood.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hollywood, Florida for a two-bedroom apartment is between $1,892 and $2,312.

Sourced from federal housing data and AffordableHousingOnline.com research.